Investors pointed towards St Lucia

Major Investors pointed towards Caribbean island St Lucia

International investors may soon be making overseas money transfers to invest in the Caribbean island St Lucia, according to Propertyshowrooms.co.uk.

The international property listings portal said that the region's low prices and immense natural beauty make it perfect for investment.

"St Lucia is comparable with Barbados in lots of ways, as an island of immense beauty with a wonderful climate. Yet its prices are up to 60 per cent [lower than] the prices of its neighbour," commented Terry Hobbs, agents and media manager with the group.

He added: "Purchasers would need an 'Alien Landholding Licence'. To apply for this costs 1,500 East Caribbean Dollars (EC$), which is approximately 413 Euros [or £357] (non-refundable)."

Once accepted, foreign buyers also need to pay a fee of approximately £1,191 for properties with less than one acre and £2,383 for anything greater.

There are additional fees for those looking to sell a property, with a ten per cent tax on sales that can be avoided by going through a special company.

"[However], the company will cost you around EC$3,200 (approximately 881 Euros [£762]) and take around two months to set up," Mr Hobbs added.

Local tourism group St Lucia Now said the island is the perfect "romantic, rejuvenation and adventure" destination.

"A genuine, natural landscape of gorgeous palm-fringed beaches, miles of unspoiled rainforest and the majestic Piton Mountains, are sure to indulge every taste," commented the group.

"Natural waterfalls, breath-taking views, friendly locals and authentic culture impress the most travelled individuals for a holiday with lasting memories."